Xos Hub Revolutionizes Mobile Charging with CORE Incentive Approval
Xos Hub Revolutionizes Mobile Charging Technology
In an exciting development for electric fleet management, Xos, Inc. (NASDAQ: XOS) has launched its latest mobile charging unit, the Xos Hub™, which has just received approval for California’s CORE Voucher Incentive Project. This milestone allows the Xos Hub to be available at a groundbreaking price point of $110,000, effectively bringing its cost below the $100,000 mark. This figure represents a significant reduction compared to various DC fast charging systems, which often exceed $200,000.
Transforming Fleet Electrification
This latest approval is becoming a game changer in the realm of fleet electrification. The Xos Hub boasts a robust 282 kWh of onboard energy storage accompanied by four integrated DC fast chargers. This advanced mobile charging solution provides fleets with an adaptable, transportable charging method, allowing for prompt deployment without the necessity for expensive utilities or permanent infrastructure.
Meeting the Demands of Modern Fleets
Fleets that operate in diverse environments or require charging in locations with limited grid power can find the Xos Hub particularly beneficial. This mobile unit supports a variety of operations, facilitating efficient charging solutions wherever required without hindrance. Major fleets and utility companies including Caltrans, Duke Energy, Xcel Energy, TECO Energy, and Highland Fleets have already reaped the advantages of this innovative charging system.
A Commitment to Sustainability
“Achieving CORE approval for our state-of-the-art Hub is a pivotal milestone in advancing our mission to enhance fleet electrification,” stated Aldan Shank, Director of Mobile Charging at Xos. “By bringing costs down to under $100,000 per unit, we’re making high-capacity, fast charging more accessible than ever. This pivots the economics for off-road fleet operators, minimizing barriers to electrification.”
Versatile Applications for the Xos Hub
The versatility of the Xos Hub has been proven in numerous tough environments. Here are some key locations where it excels:
- Seaports, delivering power for heavy-duty electric forklifts involved in cargo operations and container handling.
- Airports, assisting electric aircraft and their ground support equipment.
- Construction sites and remote utility worksites, enabling electric machinery to operate independently from fossil fuel generators.
- Logistics and retail facilities, allowing for the charging of electric yard hostlers and other material handling equipment.
Incentivizing Electric Vehicle Adoption
The CORE program, managed by the California Air Resources Board (CARB), aims to encourage the adoption of zero-emission off-road solutions by providing point-of-sale discounts. This initiative not only facilitates easier entry into the zero-emissions market but also struggles to bolster deployments in underserved communities as well as for small businesses.
Bridging the Infrastructure Gap
The Xos Hub is particularly tailored for temporary or transportable charging applications. Whether for depots lacking infrastructure or events that need swift energy solutions, this mobile charging unit is perfect for enhancing EV operations. By marrying high-capacity energy storage with rapid charging capabilities, it strategically addresses the critical infrastructure gaps faced by many fleets.
About Xos, Inc.
Xos, Inc. stands at the forefront of technology innovation, focusing on manufacturing Class 5 and 6 battery-electric commercial vehicles along with advanced charging equipment. Besides constructing purpose-built trucks, Xos supplies fleet operators with a comprehensive suite of charging solutions, assisting in the smooth transition to electric mobility. The vehicles are designed to cover last-mile, back-to-base routes of up to 250 miles per day, optimizing cost-efficiency compared to conventional vehicles.
Contact Information
Xos Investor Relations:
investors@xostrucks.com
Xos Media Relations:
press@xostrucks.com
Frequently Asked Questions
What is the Xos Hub?
The Xos Hub is a mobile charging unit designed for electric vehicle fleets, offering portability and fast charging capabilities.
What is the significance of the CORE incentive?
The CORE incentive allows the Xos Hub to be sold at a reduced price, making it more accessible for fleets transitioning to electric vehicles.
How does the Xos Hub benefit fleet operations?
The Hub provides a flexible and efficient charging solution, enabling operations in various environments without relying on traditional infrastructure.
Who can benefit from the Xos Hub?
Fleets in industries like construction, logistics, and utility operations can greatly benefit from the capabilities of the Xos Hub.
How does Xos support fleet electrification?
Xos provides comprehensive solutions, including manufacturing electric vehicles and offering innovative charging technologies to facilitate the transition to electric mobility.
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